ACB Breakout Arrows MT5

Indicators
KEENBASE SOFTWARE SOLUTIONS
Version: 5.5
Updated: 10 March 2022
Activations: 10

Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT5

Key features

Stoploss and Take Profit levels are provided by the indicator.
Comes with a MTF Scanner dashboard which tracks the breakout signals across all the time-frames.
Suitable for Day Traders, Swing Traders, and Scalpers.
Optimized algorithm to increase the accuracy of signals.
Special level to facilitate the Breakeven move or scalping target(Quick Profit Line).
Performance analysis metrics such as win/loss, success rate, avg. profit etc.
No Repaint.

Trades Confirmation

- Use ACB Trade Filter indicator to filter out the low probability trades.

Strong Buy: Up Arrow + Green Histogram + Bullish Trend.
Strong Sell: Down Arrow + Red Histogram + Bearish Trend.
Avoid a trade if the histogram is Gray and Trend is Sideways.

(optional) - Use KT Support and Resistance Levels to avoid trade entry around a significant support/resistance level. Such trade entries can immediately turn negative and lead to unnecessary losses.

“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

Input Parameters

History Bars: Number of bars to consider for Indicator's calculation.
Signal Sensitivity: Choose the Arrow's Sensitivity (signal strength).
Bars for SL: Numbers of bars to consider for Stop loss calculation.
Show Target Lines: Show/hide the SL, TP and Quick profit levels on the chart.
Performance Analysis: Show/hide the performance analysis elements included the profit trend line for each signal.
Alert Settings: Display box, Email, Push notifications and Sound alerts are available.

EA developers

// define array

double Buy_Arrow[];
double Sell_Arrow[];
double Buy_SL[];
double Sell_SL[];

//define indicator handle

int ACB_handle = iCustom(_Symbol,0,"Market/ACB Breakout Arrows");


// Copy buffers into arrays

CopyBuffer(ACB_handle,0,1,1,Buy_Arrow);
CopyBuffer(ACB_handle,1,1,1,Sell_Arrow);
CopyBuffer(ACB_handle,2,1,1,Buy_SL);
CopyBuffer(ACB_handle,3,1,1,Sell_SL);


if(Buy_Arrow[0]!=0) // Entry condition for Buy
if(Sell_Arrow[0]!=0) // Entry condition for Sell

Buy_SL[0]; // Buy Stoploss
Sell_SL[0]; // Sell Stoploss

// Fetching targets from charts

double Quick_Profit = NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),_Digits);
double First_Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),_Digits);
double Final_Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),_Digits);

more...

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MarketWatch27378757 2022.01.05 19:20 #

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